STOCK NIFTY TECHNICAL REPORT 19 NOVEMBER 2013

Markets saw a huge gap up opening due to sharp appreciation in rupee and were able to maintain on higher levels in support of strong Asian markets and finally settled gaining more than 2%. Nifty future after crossing the resistance mark of 6190 lead towards 6230 indicating strength to continue in the coming session where stiff resistance is seen in the range of 6270-6300. From current levels, 6150 will act as major support.